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Global CBDC Real-Time Payment Network Launches in Davos
source link: https://fintechranking.com/2023/01/20/global-cbdc-real-time-payment-network-launches-in-davos/
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Global CBDC Real-Time Payment Network Launches in Davos
The new cross-border digital currency payments portal made its debut Thursday (Jan. 19) at the World Economic Forum (WEF) in Davos under the shortened “UDPN” moniker, with the equally ambitious goal of providing global interoperability between regulated stablecoins and central bank digital currencies (CBDCs).
As of this writing, 114 countries, representing over 95% of global GDP, are exploring to some degree the feasibility of launching a CBDC for their nation, by researching, and even acting out, what the issuance of a sovereign, virtual currency backed by a federal banking system might mean for their respective economies.
Read more: PYMNTS
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